Vista Distributors purchases inventory in crates of merchandise. Assume the company began July with an inventory of 30 units that cost $300 each. During the month, the company purchased and sold merchandise on account as shown: (Click the icon to view the transactions.) Assume Vista Distributors uses the moving-weighted-average-cost method. The company uses a perpetual inventory system. Cash payments on account totalled $15,000 Company operating expenses for the month were $30,000. The company paid one-half in cash, with the rest accrued as Accounts Payable Required 1. 2. Prepare a perpetual inventory record at moving-weighted-average cost. Round the average unit cost to the nearest cent and all other amounts to the nearest dollar Prepare a multi-step income statement for Vista Distributors for the month of July Requirement 1. Prepare a perpetual inventory record at moving-weighted-average cost. (Round average cost per unit to the nearest cent. Round all other calculations to the nearest whole dollar. Whe calculating inventory on hand, use the technique as outlined in the text. Rounding issues will occur if alternate methods are used.) UNITS Purchases QTY Unit Cost Tot. Cost Cost of Goods Sold QTY Unit Cost Tot Cost Inventory on Hand More info QTY Unit Cost Tot. Cost Beginning Jul 10 15 22 29 Ending Requirement 2. Prepare a multi-step income statement for Vista Distributors for the month ended July 31 Jul 10 Purchased 30 units at $320 15 Sold 40 units at $700 22 Purchased 70 units at $350. 29 Sold 75 units at $800 Print Done - X